9,353 Shares in Hancock Whitney Co. (NASDAQ:HWC) Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC acquired a new position in shares of Hancock Whitney Co. (NASDAQ:HWC) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,353 shares of the company’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in Hancock Whitney during the 3rd quarter valued at about $2,605,000. Entropy Technologies LP purchased a new position in Hancock Whitney during the 3rd quarter valued at about $472,000. Versor Investments LP purchased a new position in Hancock Whitney during the 3rd quarter valued at about $844,000. Wolverine Asset Management LLC boosted its holdings in Hancock Whitney by 20.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 31,687 shares of the company’s stock valued at $1,621,000 after acquiring an additional 5,441 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Hancock Whitney by 179.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 26,332 shares of the company’s stock valued at $1,347,000 after acquiring an additional 16,916 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HWC shares. Truist Financial lowered their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. DA Davidson raised their target price on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Hancock Whitney presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 763 shares of Hancock Whitney stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total transaction of $39,981.20. Following the transaction, the director now owns 23,518 shares of the company’s stock, valued at $1,232,343.20. The trade was a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the transaction, the director now directly owns 15,900 shares in the company, valued at approximately $810,105. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,994 shares of company stock valued at $1,593,710. Corporate insiders own 1.10% of the company’s stock.

Hancock Whitney Price Performance

Shares of NASDAQ HWC opened at $58.45 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. Hancock Whitney Co. has a fifty-two week low of $39.38 and a fifty-two week high of $61.41. The firm has a market capitalization of $5.03 billion, a PE ratio of 13.11 and a beta of 1.25. The stock’s 50-day simple moving average is $52.52 and its 200-day simple moving average is $50.10.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The business had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. During the same quarter last year, the company earned $1.12 EPS. As a group, equities research analysts forecast that Hancock Whitney Co. will post 5.2 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 35.87%.

Hancock Whitney Profile

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.